Anticipating Strong Housing Demand in 2024

    Date:

    Share post:

    DRA Homes insights on 2024 budget

    The real estate sector, on an upward trajectory post-Covid in 2021, is expected to sustain this positive momentum in 2024. With interest rates peaking in both the US and India, forthcoming interest rate cuts in 2024 are anticipated, potentially making home loans more affordable and providing a significant boost to the market. The existing landscape reveals a supply shortfall across Affordable, Middle-class, and Luxury categories, with demand consistently outpacing supply.

    India’s narrative shines brightly with job creation across manufacturing and services sectors. Leading in global capability centers, Fin-tech, AI, and startups, the country is witnessing increased job opportunities, subsequently driving heightened activity in the real estate market.

    A noteworthy trend is the growing interest from Non-Resident Indians (NRIs). Given the current exchange rate, Indian real estate emerges as an appealing investment option for NRIs.

    In summary, 2024 is poised for robust housing demand. The potential for a stable government post-election is expected to further fortify India’s position and fuel housing demand.

    Also read: Real Estate Highlights: Top Office and Housing Deals of 2023

    Related Posts

    Latest posts

    Macrotech Developers Buys Land Parcel in Pune

    Macrotech Developers, a publicly listed real estate firm operating under the Lodha brand, has acquired a 2.82-acre land...

    Bhutani Infra Acquires Logix City Center in Noida

    Noida, India – Bhutani Infra has acquired the Logix City Center in Sector 32, Noida, for nearly ₹1,000...

    Bids Invited for Commercial Development in Andhra Pradesh

    The Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has announced bids for the commercial...

    Why Chandni Chowk Is Hub For Thriving Commercial Investment

    Authored By: Nandni Garg, Director, Rajdarbar Ventures Chandni Chowk, the oldest marketplace in Delhi, has been at the center of...